151–160 of 338 posts
Any ideas why these prosecutions are moving forward so fast? Usually this stuff takes forever as evidence is carefully gathered. Curious if anyone has any insights here.
Because there is an administration in power that is more willing to prioritize prosecuting financial crimes.
Earlier quoted context omitted.
My guess is she will get 10. 30 for the crimes, less 10 for being a first time offender and not the ring leader and less 10 for cooperation and contrition.
And gets out after 5 years for “good behavior”.
Earlier quoted context omitted.
Elizabeth did use the money for personal gain, to sponsor an extremely lavish lifestyle and billing luxury home rental expenses,chartered flights, security details and private investigators to the Theranos account. Sunny Balwani, otoh, didn't benefit, wasn't the CEO, didn't make most of the false statements and got a heavier sentence.
She was found not guilty of defrauding patients. He was guilty on all accounts.
Earlier quoted context omitted.
My guess is she will get 10. 30 for the crimes, less 10 for being a first time offender and not the ring leader and less 10 for cooperation and contrition.
And gets out after 5 years for “good behavior”.
[1] https://www.federalregister.gov/documents/2022/02/11/2022-02...
Nothing here happened on a blockchain. If it had there wouldn't have been problems. This is a typical finance market scam.
2. You can't entirely separate a thing from its effects, the effects of cryptocurrency have been to enable this massive ecosystem of frauds and scams. That may not have been the initial intent, but it's certainly a large part of the outcome.
Any ideas why these prosecutions are moving forward so fast? Usually this stuff takes forever as evidence is carefully gathered. Curious if anyone has any insights here.
Curious to see if they also strike a deal with Nishad Singh. He was the director of engineering at FTX that supposedly authored the code that exempted Alameda from liquidation.
I think it's good to get one or two insiders - Ellison and Wang seem ideal. Why does the state need more?
What about the previous CEO of Alameda, Sam Trabucco? Caroline only took over recently, I haven't heard anything about his legal standing at this point.
If SBF is also going for plea bargain, will various government institutions ask from him to get some dirt on Tether (and on Binance)? Might be that they are more interested in campaign financing.
Any ideas why these prosecutions are moving forward so fast? Usually this stuff takes forever as evidence is carefully gathered. Curious if anyone has any insights here.
Because there is an administration in power that is more willing to prioritize prosecuting financial crimes.
"In June 2018, Theranos announced that Holmes was stepping down as CEO. On the same day, the Department of Justice announced that a federal grand jury had charged Holmes, along with Balwani, with nine counts of wire fraud and two counts of conspiracy to commit wire fraud." [0]
[0] https://www.businessinsider.com/theranos-founder-ceo-elizabe...